Early methods[ edit ] Merchants have sought methods to minimize risks since early times. Methods for transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively. The Babylonians developed a system which was recorded in the famous Code of Hammurabic. If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender's guarantee to cancel the loan should the shipment be stolen, or lost at sea.
Although effects from Andrew were catastrophic, the extent of damage was limited mainly from Kendall south to Key Largo due to the small wind field of the storm. It was later noted that had the storm been slightly larger or made landfall a few miles further north, it would have significantly affected Miami and Fort Lauderdalewhich would have resulted in an even higher damage and death toll.
However, at the Burger King International Headquartersa storm surge of However, after a wind-tunnel testing at Clemson University of the same type of anemometer revealed a Shortly thereafter the anemometer and the WSR radar at the National Hurricane Center were blown off the roof and destroyed.
However, the instrument there failed shortly after 4 a. As the wind field of Andrew was small, the northern extent of hurricane-force winds only reached to Miami Beach. Although storm surge caused severe damage, much of the impact in Miami-Dade County was due to very strong winds.
In Homesteadone of the hardest hit communities, it was estimated that more than City hall was damaged beyond repairs, with the roof being torn off and some walls collapsing. Although a majority of animals at the zoo remained outdoors during and florida windstorm underwriting association the storm, only five animals perished, either by debris or the consumption of contaminated water.
A water tank and a smokestack of one of the site's fossil-fueled units was damaged. However, the containment buildings at the plant were unaffected. Uprooted trees and toppled electrical poles damaged several of the smaller homes, though a majority had only missing roof tiles. The condominiums and hotels on the island suffered extensive wind and water damage, especially on higher floors.
Nearby, a Hampton Inn Hotel lost its roof.
Rainfall was relatively heavy locally, with two weather stations recording 7. In Coconut Creekthe walkway at city hall was deroofed, while two mobile homes were demolished and a single-family home suffered damage from a falling tree.
Several roofs were inflicted structural impacts during the storm. Along the coast, waves damaged an incomplete fishing pier. Additionally, the city garage was partially deroofed, while other municipal buildings suffered roof leaks. A clubhouse and an amphitheater were deroofed in Sunrisewhile a number of trees were felled.
Rainfall in Palm Beach County was light, reaching 5. No significant damage or fatalities were reported in that county.
No significant floods occurred, although some areas experience localized flooding. Other locations in the Florida Keys reported much lesser wind speeds. Several boats, planes, and trees were affected by Andrew on the northern side of Key Largo. On the Card Sound Bridgewhich connects Key Largo to the mainland of Florida, the toll booth was completely destroyed.
By three days after the storm, electricity was restored for areas south of the Seven Mile Bridge. One-fourth of the royal palms and one-third of the pine trees in Everglades National Park were either significantly damaged or destroyed. Additionally, high winds resulted in the closure of the Cape Coral Bridge.
A young girl at the reservation went missing and was not found until nine days later. Bush quickly declared the region a disaster area, which provided public assistance to victims of the storm  in Broward, Collier, Miami-Dade, and Monroe Counties.
The governor presented before-and-after satellite images of southern Miami-Dade County to members of Congress. Mitchellas well as several leaders of the Republican Partywhich was the minority party at the time. Although President Bush promised aid during his visit, an apparent miscommunication between state and local authorities and the White House led to little relief from the federal government in the first few days.
Unbeknownst to Governor Chiles, he was required to put into writing his request for assistance from the Army units to deliver meals and tents en masse. Later, President Bush claimed he could not respond to the request because the letter intended for Secretary of the Army Michael P.
Governor Chiles' aide Chuck Wolfe described the frustration experienced by Chiles.
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Wolfe personally spoke on the phone to the White House.Workers Compensation Agencies in Every State in the USA and DC. Click here for a list of workers comp agencies in the USA.
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.A person or entity who buys insurance is known as an insured or as a .
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